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Recent stories from sustg

  • Saudi Arabia’s First Female Director Brings ‘Wadjda’ to Cannes
     

    Wadjda, the first-ever film shot in Saudi Arabia, hits the Cannes market as The Match Factory begins pre-sales at Cannes’ Marche du Film on the coming-of-age drama from Haiffa al Mansour, the first female Saudi filmmaker. Haifaa wrote and directed Wadjda, which tells the ordinary but uplifting story of Wadjda, an 11-year-old girl growing up in […]

     
  • Baseball and Saudi Economic Policy
     

    Dr. Muhammad Al-Jasser, Minister of Economy and Planning, recently spoke to the Young Businessmen’s Committee of the Riyadh Chamber of Commerce and Industry. Though the setting would appear innocuous, Dr. Al-Jasser’s remarks were not. The theme was the Future Vision of the Saudi Economy and they are worth reading in full.

     
  • Opening the TASI: What You Need to Know
     

    Saudi Arabia, the world’s largest oil exporter and the Middle East’s biggest economy, is about to complete a gradual process to open its stock market, known as the Tadawul or TASI, directly to international investors for the first time.  The initial step toward this action was to give other GCC countries the right to invest […]

     
  • Seven years of prosperity and development
     

    Saudi Arabia will mark the seventh anniversary of Custodian of the Two Holy Mosques King Abdullah’s accession to the Saudi throne on May 17 with a variety of programs highlighting the remarkable progress achieved by the Kingdom in education, health, industry, agriculture and other sectors under his wise leadership. King Abdullah’s announcement at the Shoura […]

     
  • Saudi Perspective on the Middle East: Obaid
     

    In this SUSRIS exclusive presentation, the “Saudi Perspective on the Middle East: The View from Riyadh” assessment provides: the background and context for Saudi diplomacy — assets and characteristics; economic and energy data; sources of regional instability; the “New Gulf Union”; profile of Gulf defense configurations; the Kingdom’s role in regional stabilization and its political and […]

     
  • Jadwa: Inflation Report, April 2012
     

    Year-on-year inflation dipped to 5.3 percent in April from 5.4 percent in March. Lower food price inflation was the main reason for the decline. Rental inflation picked up.

     
  • Not a Drop to Drink: The Global Water Crisis
     

    In the next twenty years, global demand for fresh water will vastly outstrip reliable supply in many parts of the world. Thanks to population growth and agricultural intensification, humanity is drawing more heavily than ever on shared river basins and underground aquifers. Meanwhile, global warming is projected to exacerbate shortages in already water-stressed regions, even […]

     
  • Petchem projects lead Saudi industrialization drive
     

    The Saudi project market continues to thrive. Latest data from Meed put the value of projects “planned or underway” at $745 billion in mid-April, around 13 percent higher than a year earlier. These figures need to be treated with some caution: The topline number is some 30 percent larger than the nominal size of the […]

     
  • Journey of a lifetime
     

    To say that I was excited to be in the presence of such history would be an understatement. I had been looking forward to this trip for months and was absolutely beside myself. My purpose was to travel with my mother to Saudi Arabia to perform the Umrah, a mini version of the annual Hajj […]

     
  • Al-Qaida’s wretched utopia and the battle for hearts and minds
     

    Driving east out of Aden, we were just a few hundred metres past the last army checkpoint when we saw the black al-Qaida flag. It flew from the top of a concrete building that had been part-demolished by shelling. From here into the interior, all signs of control by the government of Yemen disappeared. This […]

     

MUST-READS

  • Can Saudi Pro League become one of the world’s ‘top five’?

    A room full of raised eyebrows greeted Cristiano Ronaldo’s assertion in September that Saudi Arabia will one day be home to one of the ‘top five’ leagues in world football. Indeed, Ronaldo was being a good marketeer, playing his role as an ambassador for Saudi football to perfection. After all, this division has historically attracted little global interest despite being home to Asia’s most successful club team ever – Al Hilal.

  • Saudi Arabia’s Barn’s to launch IPO within 12 months

    Saudi Arabia’s Barn’s is planning to launch an initial public offering (IPO) within the next year. Founded in 1992 by the Al Amjaad Group, Barn’s currently operates more than 550 stores across Saudi Arabia – the Middle East’s largest market. Of its total store count, more than 70% is franchised. Speaking at the coffee chain’s annual Franchise Meeting in Jeddah, Al Amjaad Group CEO Mohamed Al Zain said the planned IPO would enable the public ‘to move from loyal customers to investors in the company’s success’.

  • Dassault Aviation CEO Confirms Rafale Talks With Saudi Arabia

    Dassault Aviation SA confirmed negotiations to sell Rafale fighter jets to Saudi Arabia, and said the company is confident an order from India for the hot-selling warplane will come through. Saudi Arabia is especially interested in the Rafale because, unlike with the Eurofighter Typhoon, there’s no worry about unforeseen export controls, Dassault Aviation Chief Executive Officer Eric Trappier told reporters Tuesday in Paris. The talks with Saudi Arabia, under way for several months, are unaffected by the conflict between Israel and Hamas, he added.

  • Record US oil output challenges Saudi mastery

    U.S. crude oil production set a record for the second month running in September, highlighting the challenge to Saudi Arabia and its OPEC⁺ partners as they cut their own production to boost prices. Repeated OPEC⁺ output cuts since the fourth quarter of 2022 have thrown a lifeline to U.S. producers, averting a deeper slump in prices and conceding more market share to them. U.S. crude and condensate production increased by 224,000 barrels per day (b/d) to 13.24 million b/d in September from August, according to the U.S. Energy Information Administration.

  • Saudi Studio Telfaz 11 Announces Genre-Bending Epic ‘Al-Gaid’

    Saudi Arabia’s rapidly expanding Telfaz11 Studios has announced the genre-bending epic “Al-Gaid” (working title), set to be the first feature to go into production under its exclusive nine-picture deal with Neom, the sprawling production hub in Saudi’s northwestern corner. Set against the backdrop of the 19th-century wintery northern Arabian desert, “Al-Gaid” is penned by Saudi novelist and writer Ahmed Alhokail and blends the revenge genre with Bedouin soap opera tropes, “crafting a unique narrative tailored for an Arab audience,” according to a Telfaz11 statement. “Rooted in an authentic Saudi perspective, ‘Al-Gaid’ aims to revolutionize the landscape of Saudi epic films.”

  • Navantia Delivers 4th Avante 2200 Corvette to Saudi Arabia

    His Royal Highness Prince Khalid bin Salman bin Abdulaziz, Saudi Minister of Defense commissioned yesterday to the Royal Saudi Arabian Navy (RSNF) the fourth of the five Avante 2200 corvettes. The event  was held at the King Faisal Naval Base in Jeddah, where the ship had undergone completion of localization works of major combat systems. The ceremony was attended by H.E. General Fayyad bin Hamed Al-Ruwaili, Chief of the General Staff, and H.E. Vice Admiral Fahd bin Abdullah Al-Ghofaily, the Chief of Staff of Royal Saudi Naval Forces; as well as by the Vice Minister of Commerce of Spain, Xiana Méndez; the Chief of Spanish Navy Personnel, Admiral Gonzalo Sanz and Navantia’s Chairman, Ricardo Domínguez.

  • US to modernize secretive Saudi RE-3A surveillance aircraft

    he US State Department has made a determination approving a possible Foreign Military Sale to the Saudi Arabia of RE-3A Tactical Airborne Surveillance System (TASS) aircraft modernisation and related equipment for an estimated cost of $582m. The 4 December announcement, published by the US Defense Security Cooperation Agency (DSCA), stated that Saudi Arabia had earlier requested to purchase hardware and software modifications to modernise its fleet of RE-3A TASS aircraft. Including in its request were seven GPS/INS security systems with selective anti-proofing module, five L3Harris BlackRock communications intelligence sensor suites, KY-100M narrowband/wideband secure communications terminals, integrated signals intelligence (SIGINT) systems, among other equipment. The principal contractor will be L3 Technologies, the DSCA stated.

  • Saudi’s Red Sea Global Confirms New Giga-Project Full of Affordable Hotels

    Saudi Arabia's "Maldives of the Middle East", The Red Sea, will cost you at least $500 a night to experience. To remedy this, the developers are planning a whole new development to place their mid-market hotels.

  • Pirelli rules out Saudi sovereign fund taking stake in company – exec

    Saudi Arabia's Public Investment Fund (PIF) will not take a stake in Italy's Pirelli, the tyremaker's Executive Vice Chairman Marco Tronchetti Provera said on Tuesday. "It's what you see, there's nothing more," he said referring to Pirelli's joint venture with the Saudi sovereign wealth fund to build a tyre manufacturing facility in the Gulf country. "There isn't going to be anything else," Tronchetti Provera said when asked about a potential entry of PIF in Pirelli's shareholding.

  • Putin to Visit Saudi Arabia and U.A.E. on Wednesday

    President Vladimir V. Putin will make a rare trip to the Middle East on Wednesday, the Kremlin announced, saying he would discuss bilateral relations, oil and international affairs in Saudi Arabia and the United Arab Emirates. The trip is part of a flurry of diplomatic meetings the Russia leader will conduct this week; on Thursday in Moscow, Mr. Putin will host President Ebrahim Raisi of Iran, the leader of another key player in the region. Mr. Putin, who has not traveled beyond China, Iran and the former Soviet states since he launched the full-scale invasion of Ukraine in February 2022, will visit both the Emirates and Saudi Arabia in one day, Dmitri S. Peskov, his spokesman, told journalists during a briefing on Tuesday.